London's Economy Today - Issue 142 - June 2014

The overview

• interest rates may rise sooner than expected
• the Eurozone looks to kick-start growth and stave off deflation
• growth expectations for the United States revised down

Economic indicators

• firms in London increased their output of goods and services in May 2014; the PMI recorded 60.4 in May 2014, compared to 62.0 in April 2014
• May 2014 saw an increase in new orders for London firms (the PMI for new orders recorded 61.6 in May 2014 unchanged from April 2014)
• surveyors report that house prices are rising

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